IMF official: Layoffs should not be taboo

The Ιnternational Monetary Fund (IMF) official responsible for Greece, Bob Traa, underlined here on Monday the need for the imposition of additional fiscal measures in Greece, in order to slash the fiscal deficit.
"Additional measures will be necessary so the deficit can reach a viable level," he said, adding: "There should not be any taboos in terms of layoffs".
The IMF official further noted that "without a wider political support the programme will not be implemented successfully ... Greece has achieved tremendous progress in decreasing the deficit, but what is now needed is an emphasis structural reforms."

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